AVC ATC APC 70 90 100 Quantiry 150 100 150 200 Quantiry 100 7 700 $2600 units dollars dollars

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 14RQ: What is an externality?
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AVC
ATC
AFC
150
Quantiry
70 90 100
100 150 200
Quantity
100
7
700
$2600
units
dollars
dollars
Company
B's profits
are at
equilibrium
The total
cost of the
firm's
equilibrium
quantity is
A.
The
average
fixed cost
of firm A at
equilibrium.
The
equilibrium
quantity of
firm A
The
equilibrium
price of
firm B
Transcribed Image Text:AVC ATC AFC 150 Quantiry 70 90 100 100 150 200 Quantity 100 7 700 $2600 units dollars dollars Company B's profits are at equilibrium The total cost of the firm's equilibrium quantity is A. The average fixed cost of firm A at equilibrium. The equilibrium quantity of firm A The equilibrium price of firm B
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